Business
Business Laws
Agency Creation :
Organization &
Structure:
An agency is a concept in business law where one person,
called the principal, gives authorization to another person, called the agent,
to act on the principal's behalf. This agent will represent the principal by
entering into contractual relationships with third parties. There are certain
rules and regulations that will govern the practices of agencies. Oftentimes,
when an agency is working on behalf of a principal, it will be the principal
[...]
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